The payment automation software provider, which counts Mastercard and several banks among its investors, has bagged another $130m.
AvidXchange, a US-based payment technology provider backed by payment services firm Mastercard, has raised $130m from two undisclosed investors, according to a regulatory filing.
Founded in 2000, AvidXchange provides software that integrates with the existing systems of a business to help them automate financial functions such as making payments and processing invoices and accounts payable.
The company claims to have processed 9.5 million payments on behalf of some 5,500 customers in 2019 and has already achieved a valuation of more…
